Under contract-accepting backup offers. ***A Stunning Revival***1858 Oak Street, a historic Spanish-Mediterranean home in the heart of Laurel Park, is a testament to the charming blend of history and modern living. This 3-bedroom, 3-bath home, with an office and over 2, 000 square feet of living space, exudes timeless appeal. The moment you step inside, you're greeted by a vaulted pecky cypress ceiling that immediately captures your attention. Below, heart-of-pine wood floors gleam under soft lighting, while a meticulously restored wood-burning fireplace anchors the space. Each unique detail tells a story, connecting the home to Laurel Park’s vibrant history. Modern updates enhance both comfort and security. Hurricane-proof windows frame picturesque views while standing up to nature’s toughest tests. Behind the walls, new electrical, plumbing, and A/C systems ensure reliability and peace of mind. The sunny office, located just off the kitchen, offers a tranquil retreat with views of the backyard as sunlight streams through a glass door. Through sliding glass doors, the backyard reveals towering trees, palms, and mature landscaping, providing shade and privacy. The centerpiece of this idyllic retreat is a one-of-a-kind lagoon. Imagine yourself floating in this tranquil oasis where waters shimmer in the sunlight. This lagoon is more than a picturesque feature; it’s an experience. Ideal for cooling off on warm days or enjoying a peaceful moment surrounded by lush greenery, the lagoon is a seamless blend of relaxation and recreation. Subtle landscape lighting transforms the backyard into an enchanting space, perfect for serene evenings or lively gatherings. The ambiance is nothing short of magical. Once an overlooked treasure, this home has been lovingly restored, seamlessly combining historic charm with modern enhancements. It tells a story of renewal and grace—a cherished gem in this celebrated neighborhood. The home is complemented by its prime location within steps to downtown Sarasota, the bayfront, local arts venues, eclectic eateries, and charming boutiques.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,709,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,367,200 | $1,367,200 | $1,367,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.200% | 6.748% | 6.786% |
Monthly Tax Payment | $453 | $453 | $453 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $9,096 | $8,754 | $12,004 |
Total Monthly Payment | $9,674 | $9,332 | $12,582 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.